weakens of euro push gold to rise

Gold fell on Monday under pressure from a weaker euro and dispel expectations that the U.S. central bank refers to the need for further monetary easing, but the long-term investors boosted their holdings of gold to new record levels.
It fell in the spot market 0.5% to 1699 dollars per ounce by 1135 GMT, achieving gains of more than 2% since it touched its lowest level during the session at 1680 dollars on Friday after a report showed job in the United States add functionality more than expected in the last three months.
And meets the Federal Reserve (U.S. central bank) this week to discuss the likely course of monetary policy, with the central bank pledged to keep interest rates near zero until the end of at least 2014 payment report strong job on Friday, economists and markets to reduce expectations of additional support for the economy.
Also pushed the euro to its lowest level in a month against the dollar, causing more pressure on gold, as investors realize profits in the euro area greater than the sale of their holdings of gold. Silver fell 0.9% to 33.85 dollars an ounce, platinum dropped 0.1% to 1675.74 dollars an ounce, and palladium rose 1.1% to 702.50 dollars an ounce.

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